China’s Young People Can’t Find Jobs. Xi Jinping Says to ‘Eat Bitterness.’
With youth unemployment at a record, the Communist Party is trying to reset expectations about social mobility by talking up the virtue of hardship.
China’s Youth Unemployment Crisis: 1 in 5 Are Out of Work
The youth unemployment rate, which spiked during the pandemic, reached a record high this week, showing the perils of China’s uneven economic recovery.
Posted inFederal Reserve System Hiring and Promotion Interest Rates Labor and Jobs Labor Department (US) Layoffs and Job Reductions Recession and Depression Unemployment United States Economy
U.S. employers added 253,000 jobs in April.
The unemployment rate fell to 3.4 percent as the labor market showed enduring strength.
Posted inFederal Reserve System Hiring and Promotion Labor and Jobs Labor Department (US) Layoffs and Job Reductions Shortages Unemployment United States Economy
Job Openings Slipped in March as Labor Market Continued Easing
The ratio of open jobs to available unemployed workers fell to the lowest level since October 2021.